Optional Conversion. The Borrower may, on any Business Day, upon notice given to the Administrative Agent not later than 11:00 a.m. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 and 2.12, Convert all or any portion of the outstanding Loans of one Type comprising part of the same Borrowing into Loans of the other Type; provided that (i) any Conversion of Base Rate Loans into Eurodollar Rate Loans shall be in an amount not less than the minimum amount specified in Section 2.10(c) and (ii) in the case of any such Conversion of a Eurodollar Rate Loan into a Base Rate Loan on a day other than the last day of an Interest Period therefor, the Borrower shall reimburse the Lenders in respect thereof pursuant to Section 8.04(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (x) the date of such Conversion, (y) the Loans to be Converted, and (z) if such Conversion is into Eurodollar Rate Loans, the duration of the initial Interest Period for each Loans. Each notice of Conversion shall be irrevocable and binding on the Borrower.
Appears in 4 contracts
Sources: 364 Day Term Loan Agreement (Becton Dickinson & Co), 364 Day Term Loan Agreement (Becton Dickinson & Co), 364 Day Term Loan Agreement (Becton Dickinson & Co)
Optional Conversion. The Borrower may, may on any Business Day, upon notice given to the Administrative Agent not later than 11:00 a.m. A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 and 2.122.13, Convert all or any portion of the outstanding Loans A Advances of one Type comprising part of the same A Borrowing into Loans A Advances of the other Type; provided that (i) any Conversion of Base Rate Loans Advances into Eurodollar Rate Loans Advances shall be in an amount not less than the minimum amount specified in Section 2.10(c2.02(b) and (ii) in the case of any such Conversion of a Eurodollar Rate Loan Advance into a Base Rate Loan Advance on a day other than the last day of an Interest Period therefor, the Borrower shall reimburse the Lenders in respect thereof pursuant to Section 8.04(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (x) the date of such Conversion, (y) the Loans A Advances to be Converted, and (z) if such Conversion is into Eurodollar Rate LoansAdvances, the duration of the initial Interest Period for each Loanssuch A Advance. Each notice of Conversion shall be irrevocable and binding on the Borrower.
Appears in 4 contracts
Sources: Credit Agreement (Becton Dickinson & Co), Credit Agreement (Becton Dickinson & Co), Credit Agreement (Mony Group Inc)
Optional Conversion. The Borrower may, may on any Business Day, upon notice given to the Administrative Agent not later than 11:00 a.m. 12:00 noon (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 and 2.122.13, Convert all or any portion of the outstanding Loans Advances of one Type comprising part of the same Borrowing into Loans Advances of the other Type; provided that (i) any Conversion of Base Rate Loans Advances into Eurodollar Rate Loans Advances shall be in an amount not less than the minimum amount specified in Section 2.10(c2.01(a) and (ii) in the case of any such Conversion of a Eurodollar Rate Loan Advance into a Base Rate Loan Advance on a day other than the last day of an Interest Period therefor, the Borrower shall reimburse the Lenders in respect thereof pursuant to Section 8.04(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (x) the date of such Conversion, (y) the Loans Advances to be Converted, and (z) if such Conversion is into Eurodollar Rate LoansAdvances, the duration of the initial Interest Period for each Loanssuch Advance. Each notice of Conversion shall be irrevocable and binding on the Borrower.
Appears in 4 contracts
Sources: Loan Agreement (Coca Cola Bottling Co Consolidated /De/), Credit Agreement (Coca Cola Bottling Co Consolidated /De/), Loan Agreement (Coca Cola Bottling Co Consolidated /De/)
Optional Conversion. The Borrower may, may on any Business Day, upon notice given to the Administrative Agent not later than 11:00 a.m. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 2.08 and 2.12, Convert all or any portion of the outstanding Loans Advances of one Type comprising part of the same Borrowing into Loans Advances of the other Type; provided that (i) any Conversion of Base Rate Loans Advances into Eurodollar Rate Loans Advances shall be in an amount not less than the minimum amount specified in Section 2.10(c2.01(b) and (ii) in the case of any such Conversion of a Eurodollar Rate Loan Advance into a Base Rate Loan Advance on a day other than the last day of an Interest Period therefor, the Borrower shall reimburse the Lenders in respect thereof pursuant to Section 8.04(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (x) the date of such Conversion, (y) the Loans Advances to be Converted, and (z) if such Conversion is into Eurodollar Rate LoansAdvances, the duration of the initial Interest Period for each Loanssuch Advance. Each notice of Conversion shall be irrevocable and binding on the Borrower.
Appears in 3 contracts
Sources: Credit Agreement (Coca Cola Bottling Co Consolidated /De/), Credit Agreement (Coca Cola Bottling Co Consolidated /De/), Credit Agreement (Coca Cola Bottling Co Consolidated /De/)
Optional Conversion. The Any Borrower may, may on any Business Day, upon notice given to the Administrative Agent not later than 11:00 a.m. A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 and 2.122.13, Convert all or any portion of the outstanding Loans Revolving Credit Advances of one Type owed by such Borrower and comprising part of the same Borrowing into Loans Revolving Credit Advances of the other Type; provided provided, however, that (i) any Conversion of Eurodollar Rate Advances into Alternate Base Rate Loans Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, any Conversion of Alternate Base Rate Advances into Eurodollar Rate Loans Advances shall be in an amount not less than the minimum amount specified for Revolving Credit Borrowings in Section 2.10(c) 2.01 and (ii) in the case no Conversion of any such Conversion of a Eurodollar Rate Loan into a Base Rate Loan on a day other Revolving Credit Advances shall result in more separate Revolving Credit Borrowings than the last day of an Interest Period therefor, the Borrower shall reimburse the Lenders in respect thereof pursuant to permitted under Section 8.04(c2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (xi) the date of such Conversion, (yii) the Loans Revolving Credit Advances to be Converted, and (ziii) if such Conversion is into Eurodollar Rate LoansAdvances, the duration of the initial Interest Period for each Loanssuch Advance. Each notice of Conversion shall be irrevocable and binding on the such Borrower.
Appears in 3 contracts
Sources: Revolving Credit Agreement (Rayonier Inc), Revolving Credit Agreement (Rayonier Inc), Revolving Credit Agreement (Rayonier Inc)
Optional Conversion. The Any Borrower may, may on any Business Day, upon notice given to the Administrative Agent not later than 11:00 a.m. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 and 2.122.13, Convert all or any portion of the outstanding Loans Revolving Credit Advances of one Type owed by such Borrower and comprising part of the same Borrowing into Loans Revolving Credit Advances of the other Type; provided provided, however, that (i) any Conversion of Eurodollar Rate Advances into Alternate Base Rate Loans Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, any Conversion of Alternate Base Rate Advances into Eurodollar Rate Loans Advances shall be in an amount not less than the minimum amount specified for Revolving Credit Borrowings in Section 2.10(c) 2.01 and (ii) in the case no Conversion of any such Conversion of a Eurodollar Rate Loan into a Base Rate Loan on a day other Revolving Credit Advances shall result in more separate Revolving Credit Borrowings than the last day of an Interest Period therefor, the Borrower shall reimburse the Lenders in respect thereof pursuant to permitted under Section 8.04(c2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (xi) the date of such Conversion, (yii) the Loans Revolving Credit Advances to be Converted, and (ziii) if such Conversion is into Eurodollar Rate LoansAdvances, the duration of the initial Interest Period for each Loanssuch Advance. Each notice of Conversion shall be irrevocable and binding on the such Borrower.
Appears in 2 contracts
Sources: Five Year Revolving Credit Agreement (Rayonier Inc), First Amendment and Restatement Agreement (Rayonier Inc)
Optional Conversion. The Borrower may, may on any Business Day, upon notice given to the Administrative Agent not later than 11:00 a.m. A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 and 2.122.13, Convert all or any portion of the outstanding Loans A Advances of one Type comprising part of the same A Borrowing into Loans A Advances of the other Type; provided that (i) any Conversion of Base Rate Loans Advances into Eurodollar Rate Loans Advances shall be in an amount not less than the minimum amount specified in Section 2.10(c2.02(b) and (ii) in the case of any such Conversion of a Eurodollar Rate Loan Advance into a Base Rate Loan Advance on a day other than the last day of an Interest Period therefor, the Borrower shall reimburse the Lenders in respect thereof pursuant to Section 8.04(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (x) the date of such Conversion, (y) the Loans A Advances to be Converted, and (z) if such Conversion is into Eurodollar Rate LoansAdvances, the duration of the initial Interest Period for each Loanssuch A Advance. Each notice of Conversion shall be irrevocable and binding on the Borrower.
Appears in 2 contracts
Sources: 364 Day Credit Agreement (Sci Systems Inc), Credit Agreement (Sci Systems Inc)
Optional Conversion. The Company or any other Borrower may, on any Business Day, upon notice given to the Administrative Agent not later than 11:00 a.m. 3:00 P.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 2.10 and 2.122.14, Convert all or any portion of the outstanding Loans Advances made to such Borrower denominated in Dollars of one Type comprising part of the same Borrowing into Loans Advances of the other Type; provided that (i) any Conversion of Base Rate Loans Advances into Eurodollar Term Benchmark Rate Loans Advances shall be in an amount not less than the minimum amount specified in Section 2.10(c2.02(b) and (ii) in the case of any such Conversion of a Eurodollar Term Benchmark Rate Loan Advance into a Base Rate Loan Advance on a day other than the last day of an Interest Period therefor, the such Borrower shall reimburse the Lenders in respect thereof pursuant to Section 8.04(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (x) the date of such Conversion, (y) the Loans Advances to be Converted, and (z) if such Conversion is into Eurodollar Term Benchmark Rate LoansAdvances, the duration of the initial Interest Period for each Loanssuch Advance. Each notice of Conversion shall be irrevocable and binding on the Borrowerbinding.
Appears in 2 contracts
Sources: Credit Agreement (Becton Dickinson & Co), Credit Agreement (Becton Dickinson & Co)
Optional Conversion. The Borrower may, may on any Business Day, upon notice given to the Administrative Agent not later than 11:00 a.m. A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 and 2.122.13, Convert all or any portion of the outstanding Loans A Advances of one Type comprising part of the same A Borrowing into Loans A Advances of the other Type; provided that (i) any Conversion of Base Rate Loans Advances into Eurodollar Rate Loans Advances shall be in an amount not less than the minimum amount specified in Section 2.10(c2.02(b) and (ii) in the case of any such Conversion of a Eurodollar Rate Loan Advance into a Base Rate Loan Advance on a day other than the last day of an Interest Period therefor, the Borrower shall reimburse the Lenders in respect thereof pursuant to Section 8.04(c)) . Each such notice of a Conversion shall, within the restrictions specified above, specify (x) the date of such Conversion, (y) the Loans A Advances to be Converted, and (z) if such Conversion is into Eurodollar Rate LoansAdvances, the duration of the initial Interest Period for each Loanssuch A Advance. Each notice of Conversion shall be irrevocable and binding on the Borrower.
Appears in 2 contracts
Sources: Five Year Credit Agreement (Becton Dickinson & Co), Five Year Credit Agreement (Becton Dickinson & Co)
Optional Conversion. The Borrower may, may on any Business Day, upon notice given to the Administrative Agent not later than 11:00 a.m. (New York City time) 12:00 P.M. on the third U.S. Government Securities Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 2.08 and 2.122.13, Convert all or any portion of the outstanding Loans Advances of one Type comprising part of the same Borrowing into Loans Advances of the other Type; provided that (i) any Conversion of Base Rate Loans Advances into Eurodollar Rate Loans SOFR 16605535v6 24740.00262 38 Advances shall be in an amount not less than the minimum amount specified in Section 2.10(c2.01(b) and (ii) in the case of any such Conversion of a Eurodollar Rate Loan SOFR Advance into a Base Rate Loan Advance on a day other than the last day of an Interest Period therefor, the Borrower shall reimburse the Lenders in respect thereof pursuant to Section 8.04(c8.04(d). Each such notice of a Conversion shall, within the restrictions specified above, specify (x) the date of such Conversion, (y) the Loans Advances to be Converted, and (z) if such Conversion is into Eurodollar Rate LoansSOFR Advances, the duration of the initial Interest Period for each Loanssuch Advance. Each notice of Conversion shall be irrevocable and binding on the Borrower.
Appears in 2 contracts
Sources: Revolving Credit Agreement (Cna Financial Corp), Revolving Credit Agreement (Cna Financial Corp)
Optional Conversion. The Borrower may, may on any Business Day, upon notice given to the Administrative Agent not later than 11:00 a.m. A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 and 2.12, Convert all or any portion of the outstanding Loans of one Type comprising part of the same Borrowing into Loans of the other Type; provided that (i) any Conversion of Base Rate Loans into Eurodollar Rate Loans shall be in an amount not less than the minimum amount specified in Section 2.10(c) and (ii) in the case of any such Conversion of a Eurodollar Rate Loan into a Base Rate Loan on a day other than the last day of an Interest Period therefor, the Borrower shall reimburse the Lenders in respect thereof pursuant to Section 8.04(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (x) the date of such Conversion, (y) the Loans to be Converted, and (z) if such Conversion is into Eurodollar Rate Loans, the duration of the initial Interest Period for each Loans. Each notice of Conversion shall be irrevocable and binding on the Borrower.
Appears in 2 contracts
Sources: 364 Day Term Loan Agreement (Becton Dickinson & Co), 364 Day Bridge Term Loan Agreement (Becton Dickinson & Co)
Optional Conversion. The Borrower may, may on any Business Day, upon notice given to the Administrative Agent not later than 11:00 a.m. A.M. (New Credit Agreement York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 and 2.122.13, Convert all or any portion of the outstanding Loans A Advances of one Type comprising part of the same A Borrowing into Loans A Advances of the other Type; provided that (i) any Conversion of Base Rate Loans Advances into Eurodollar Rate Loans Advances shall be in an amount not less than the minimum amount specified in Section 2.10(c2.02(b) and (ii) in the case of any such Conversion of a Eurodollar Rate Loan Advance into a Base Rate Loan Advance on a day other than the last day of an Interest Period therefor, the Borrower shall reimburse the Lenders in respect thereof pursuant to Section 8.04(c9.04(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (x) the date of such Conversion, (y) the Loans A Advances to be Converted, and (z) if such Conversion is into Eurodollar Rate LoansAdvances, the duration of the initial Interest Period for each Loanssuch A Advance. Each notice of Conversion shall be irrevocable and binding on the Borrower.
Appears in 1 contract
Optional Conversion. The Borrower may, may on any Business Day, upon notice given to the Administrative Agent not later than 11:00 a.m. 12:00 P.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 2.08 and 2.12, Convert all or any portion of the outstanding Loans Advances of one Type comprising part of the same Borrowing into Loans Advances of the other Type; provided that (i) any Conversion of Base Rate Loans Advances into Eurodollar Rate Loans Advances shall be in an amount not less than the minimum amount specified in Section 2.10(c2.02(b) and (ii) in the case of any such Conversion of a Eurodollar Rate Loan Advance into a Base Rate Loan Advance on a day other than the last day of an Interest Period therefor, the Borrower shall reimburse the Lenders in respect thereof pursuant to Section 8.04(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (x) the date of such Conversion, (y) the Loans Advances to be Converted, and (z) if such Conversion is into Eurodollar Rate LoansAdvances, the duration of the initial Interest Period for each Loanssuch Advance. Each notice of Conversion shall be irrevocable and binding on the Borrower.
Appears in 1 contract
Optional Conversion. The Borrower may, may on any Business Day, upon ------------------- notice given to the Administrative Agent not later than 11:00 a.m. A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 and 2.122.13, Convert all or any portion of the outstanding Loans A Advances of one Type comprising part of the same A Borrowing into Loans A Advances of the other Type; provided that (i) any -------- Conversion of Base Rate Loans Advances into Eurodollar Rate Loans Advances shall be in an amount not less than the minimum amount specified in Section 2.10(c2.02(b) and (ii) in the case of any such Conversion of a Eurodollar Rate Loan Advance into a Base Rate Loan Advance on a day other than the last day of an Interest Period therefor, the Borrower shall reimburse the Lenders in respect thereof pursuant to Section 8.04(c9.04(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (x) the date of such Conversion, (y) the Loans A Advances to be Converted, and (z) if such Conversion is into Eurodollar Rate LoansAdvances, the duration of the initial Interest Period for each Loanssuch A Advance. Each notice of Conversion shall be irrevocable and binding on the Borrower.
Appears in 1 contract
Optional Conversion. The Borrower may, may on any Business Day, upon notice given to the Administrative Agent not later than 11:00 a.m. A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 and 2.122.13, Convert all or any portion of the outstanding Loans A Advances of one Type 364-Day Credit Agreement comprising part of the same A Borrowing into Loans A Advances of the other Type; provided that (i) any Conversion of Base Rate Loans Advances into Eurodollar Rate Loans Advances shall be in an amount not less than the minimum amount specified in Section 2.10(c2.02(b) and (ii) in the case of any such Conversion of a Eurodollar Rate Loan Advance into a Base Rate Loan Advance on a day other than the last day of an Interest Period therefor, the Borrower shall reimburse the Lenders in respect thereof pursuant to Section 8.04(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (x) the date of such Conversion, (y) the Loans A Advances to be Converted, and (z) if such Conversion is into Eurodollar Rate LoansAdvances, the duration of the initial Interest Period for each Loanssuch A Advance. Each notice of Conversion shall be irrevocable and binding on the Borrower.
Appears in 1 contract
Sources: Credit Agreement (Mony Group Inc)
Optional Conversion. The Borrower may, may on any Business Day, upon notice given to the Administrative Agent not later than 11:00 a.m. (New York City time) 12:00 P.M. on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 and 2.122.13, Convert all or any portion of the outstanding Loans Advances of one Type comprising part of the same Borrowing into Loans Advances of the other Type; provided 7552140v7 19897.00013 that (i) any Conversion of Base Rate Loans Advances into Eurodollar Rate Loans Advances shall be in an amount not less than the minimum amount specified in Section 2.10(c2.01(b) and (ii) in the case of any such Conversion of a Eurodollar Rate Loan Advance into a Base Rate Loan Advance on a day other than the last day of an Interest Period therefor, the Borrower shall reimburse the Lenders in respect thereof pursuant to Section 8.04(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (x) the date of such Conversion, (y) the Loans Advances to be Converted, and (z) if such Conversion is into Eurodollar Rate LoansAdvances, the duration of the initial Interest Period for each Loanssuch Advance. Each notice of Conversion shall be irrevocable and binding on the Borrower.
Appears in 1 contract
Optional Conversion. The Borrower may, may on any Business Day, upon notice given to the Administrative Agent not later than 11:00 a.m. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 and 2.122.13, Convert all or any portion of the outstanding Loans Advances of one Type comprising part of the same Borrowing into Loans Advances of the other Type; provided that (i) any Conversion of Base Rate Loans Advances into Eurodollar Rate Loans Advances shall be in an amount not less than the minimum amount specified in Section 2.10(c2.01(a) and (ii) in the case of any such Conversion of a Eurodollar Rate Loan Advance into a Base Rate Loan Advance on a day other than the last day of an Interest Period therefor, the Borrower shall reimburse the Lenders in respect thereof pursuant to Section 8.04(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (x) the date of such Conversion, (y) the Loans Advances to be Converted, and (z) if such Conversion is into Eurodollar Rate LoansAdvances, the duration of the initial Interest Period for each Loanssuch Advance. Each notice of Conversion shall be irrevocable and binding on the Borrower.
Appears in 1 contract
Sources: Credit Agreement (Coca Cola Bottling Co Consolidated /De/)
Optional Conversion. The Borrower may, Borrowers may on any Business Day, upon written notice given to the Administrative Agent Lender not later than 11:00 a.m. 12:00 P.M. (New York City Cincinnati, Ohio time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections Section 2.09 and 2.12Section 2.13, Convert all or any portion of the outstanding Loans of one Type comprising part of the same Borrowing into Loans of the other Type; provided that (i) any Conversion of Base Rate Loans into Eurodollar Rate Loans shall be in an amount not less than the minimum amount specified in Section 2.10(c2.01(b) and (ii) in the case of any such Conversion of a Eurodollar Rate Loan into a Base Rate Loan on a day other than the last day of an Interest Period therefor, the Borrower Borrowers shall reimburse the Lenders Lender in respect thereof pursuant to Section 8.04(c7.04(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (x) the date of such Conversion, (y) the Loans to be Converted, and (z) if such Conversion is into Eurodollar Rate Loans, the duration of the initial Interest Period for each Loanssuch Loan. Each notice of Conversion shall be irrevocable and binding on the BorrowerBorrowers.
Appears in 1 contract
Sources: 364 Day Credit Agreement (Cincinnati Financial Corp)
Optional Conversion. The Borrower may, may on any Business Day, upon notice given to the Administrative Agent not later than 11:00 a.m. (New York City time) 12:00 P.M. on the third U.S. Government Securities Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 2.092.08 and 2.122.13, Convert all or any portion of the outstanding Loans Advances of one Type comprising part of the same Borrowing into Loans Advances of the other Type; provided that (i) any Conversion of Base Rate Loans Advances into Eurodollar Rate Loans RateSOFR Advances shall be in an amount not less than the minimum amount specified in Section 2.10(c2.01(b) and (ii) in the case of any such Conversion of a Eurodollar Rate Loan RateSOFR Advance into a Base Rate Loan Advance on a day other than the last day of an Interest Period therefor, the Borrower shall reimburse the Lenders in respect thereof pursuant to Section 8.04(c8.04(d)Section 8.04(d). Each such notice of a Conversion shall, within the restrictions specified above, specify (x) the date of such Conversion, (y) the Loans Advances to be Converted, and (z) if such Conversion is into Eurodollar Rate LoansRateSOFR Advances, the duration of the initial Interest Period for each Loanssuch Advance. Each notice of Conversion shall be irrevocable and binding on the Borrower.
Appears in 1 contract
Optional Conversion. The Borrower may, may on any Business Day, upon notice given to the Administrative Agent not later than 11:00 a.m. 12:00 noon (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 2.08 and 2.12, Convert all or any portion of the outstanding Loans Advances of one Type comprising part of the same Borrowing into Loans Advances of the other Type; provided that (i) any Conversion of Base Rate Loans Advances into Eurodollar Rate Loans Advances shall be in an amount not less than the minimum amount specified in Section 2.10(c2.02(b) and (ii) in the case of any such Conversion of a Eurodollar Rate Loan Advance into a Base Rate Loan Advance on a day other than the last day of an Interest Period therefor, the Borrower shall reimburse the Lenders in respect thereof pursuant to Section 8.04(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (x) the date of such Conversion, (y) the Loans Advances to be Converted, and (z) if such Conversion is into Eurodollar Rate LoansAdvances, the duration of the initial Interest Period for each Loanssuch Advance. Each notice of Conversion shall be irrevocable and binding on the Borrower.
Appears in 1 contract
Optional Conversion. The Borrower may, may on any Business Day, upon notice given to the Administrative Agent not later than 11:00 a.m. 12:00 P.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 and 2.122.13, Convert all or any portion of the outstanding Loans Advances of one Type comprising part of the same Borrowing into Loans Advances of the other Type; provided that (i) any Conversion of Base Rate Loans Advances into Eurodollar Rate Loans Advances shall be in an amount not less than the minimum amount specified in Section 2.10(c2.02(b) and (ii) in the case of any such Conversion of a Eurodollar Rate Loan Advance into a Base Rate Loan Advance on a day other than the last day of an Interest Period therefor, the Borrower shall reimburse the Lenders in respect thereof pursuant to Section 8.04(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (x) the date of such Conversion, (y) the Loans Advances to be Converted, and (z) if such Conversion is into Eurodollar Rate LoansAdvances, the duration of the initial Interest Period for each Loanssuch Advance. Each notice of Conversion shall be irrevocable and binding on the Borrower.
Appears in 1 contract
Optional Conversion. The Borrower may, may on any Business Day, upon notice given to the Administrative Agent not later than 11:00 a.m. 3:00 P.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 and 2.122.13, Convert all or any portion of the outstanding Loans Advances denominated in Dollars of one Type comprising part of the same Borrowing into Loans Advances of the other Type; provided that (i) any Conversion of Base Rate Loans Advances into Eurodollar Eurocurrency Rate Loans Advances shall be in an amount not less than the minimum amount specified in Section 2.10(c2.02(b) and (ii) in the case of any such Conversion of a Eurodollar Eurocurrency Rate Loan Advance into a Base Rate Loan Advance on a day other than the last day of an Interest Period therefor, the Borrower shall reimburse the Lenders in respect thereof pursuant to Section 8.04(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (x) the date of such Conversion, (y) the Loans Advances to be Converted, and (z) if such Conversion is into Eurodollar Eurocurrency Rate LoansAdvances, the duration of the initial Interest Period for each Loanssuch Advance. Each notice of Conversion shall be irrevocable and binding on the Borrower.
Appears in 1 contract
Optional Conversion. The Borrower may, may on any Business Day, upon notice given to the Administrative Agent not later than 11:00 a.m. (New York City time) 12:00 P.M. on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 and 2.122.13, Convert all or any portion of the outstanding Loans Advances of one Type comprising part of the same Borrowing into Loans Advances of the other Type; provided that (i) any Conversion of Base Rate Loans Advances into Eurodollar Rate Loans Advances shall be in an amount not less than the minimum amount specified in Section 2.10(c2.02(b) and (ii) in the case of any such Conversion of a Eurodollar Rate Loan Advance into a Base Rate Loan Advance on a day other than the last day of an Interest Period therefor, the Borrower shall reimburse the Lenders in respect thereof pursuant to Section 8.04(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (x) the date of such Conversion, (y) the Loans Advances to be Converted, and (z) if such Conversion is into Eurodollar Rate LoansAdvances, the duration of the initial Interest Period for each Loanssuch Advance. Each notice of Conversion shall be irrevocable and binding on the Borrower.
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Optional Conversion. The Borrower may, may on any Business Day, upon notice given to the Administrative Agent not later than 11:00 a.m. A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 2.08 and 2.12, Convert all or any portion of the outstanding Loans Advances of one Type comprising part of the same Borrowing into Loans Advances of the other Type; provided that (i) any Conversion of Base Rate Loans Advances into Eurodollar Rate Loans Advances shall be in an amount not less than the minimum amount specified in Section 2.10(c2.02(b) and (ii) in the case of any such Table of Contents Conversion of a Eurodollar Rate Loan Advance into a Base Rate Loan Advance on a day other than the last day of an Interest Period therefor, the Borrower shall reimburse the Lenders in respect thereof pursuant to Section 8.04(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (x) the date of such Conversion, (y) the Loans Advances to be Converted, and (z) if such Conversion is into Eurodollar Rate LoansAdvances, the duration of the initial Interest Period for each Loanssuch Advance. Each notice of Conversion shall be irrevocable and binding on the Borrower.
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Optional Conversion. The Borrower may, may on any Business Day, upon notice given to the Administrative Agent not later than 11:00 a.m. A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 and 2.122.13, Convert all or any portion of the outstanding Loans Advances denominated in Dollars of one Type comprising part of the same Borrowing into Loans Advances of the other Type; provided that (i) any Conversion of Base Rate Loans Advances into Eurodollar Eurocurrency Rate Loans Advances shall be in an amount not less than the minimum amount specified in Section 2.10(c2.02(b) and (ii) in the case of any such Conversion of a Eurodollar Eurocurrency Rate Loan Advance into a Base Rate Loan Advance on a day other than the last day of an Interest Period therefor, the Borrower shall reimburse the Lenders in respect thereof pursuant to Section 8.04(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (x) the date of such Conversion, (y) the Loans Advances to be Converted, and (z) if such Conversion is into Eurodollar Eurocurrency Rate LoansAdvances, the duration of the initial Interest Period for each Loanssuch Advance. Each notice of Conversion shall be irrevocable and binding on the Borrower.
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Optional Conversion. The Borrower may, may on any Business Day, upon notice given to the Administrative Agent not later than 11:00 a.m. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 2.08 and 2.12, Convert all or any portion of the outstanding Loans Advances of one Type comprising part of the same Borrowing into Loans Advances of the other Type; provided that (i) any Conversion of Base Rate Loans Advances into Eurodollar Rate Loans Advances shall be in an amount not less than the minimum amount specified in Section 2.10(c2.02(b) and (ii) in the case of any such Conversion of a Eurodollar Rate Loan Advance into a Base Rate Loan Advance on a day other than the last day of an Interest Period therefor, the Borrower shall reimburse the Lenders in respect thereof pursuant to Section 8.04(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (x) the date of such Conversion, (y) the Loans Advances to be Converted, and (z) if such Conversion is into Eurodollar Rate LoansAdvances, the duration of the initial Interest Period for each Loanssuch Advance. Each notice of Conversion shall be irrevocable and binding on the Borrower.
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Sources: Credit Agreement (Coca Cola Bottling Co Consolidated /De/)
Optional Conversion. The Borrower may, may on any Business Day, upon notice given to the Administrative Agent not later than 11:00 a.m. 3:00 P.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 2.10 and 2.122.14, Convert all or any portion of the outstanding Loans Advances denominated in Dollars of one Type comprising part of the same Borrowing into Loans Advances of the other Type; provided that (i) any Conversion of Base Rate Loans Advances into Eurodollar Eurocurrency Rate Loans Advances shall be in an amount not less than the minimum amount specified in Section 2.10(c2.02(b) and (ii) in the case of any such Conversion of a Eurodollar Eurocurrency Rate Loan Advance into a Base Rate Loan Advance on a day other than the last day of an Interest Period therefor, the Borrower shall reimburse the Lenders in respect thereof pursuant to Section 8.04(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (x) the date of such Conversion, (y) the Loans Advances to be Converted, and (z) if such Conversion is into Eurodollar Eurocurrency Rate LoansAdvances, the duration of the initial Interest Period for each Loanssuch Advance. Each notice of Conversion shall be irrevocable and binding on the Borrower.
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Optional Conversion. The Borrower may, may on any Business Day, upon notice given to the Administrative Agent not later than 11:00 a.m. (New York City time) 12:00 P.M. on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 and 2.122.13, Convert all or any portion of the outstanding Loans Advances of one Type comprising part of the same Borrowing into Loans Advances of the other Type; provided that (i) any Conversion of Base Rate Loans Advances into Eurodollar Rate Loans Advances shall be in an amount not less than the minimum amount specified in Section 2.10(c2.01(b) and (ii) in the case of any such Conversion of a Eurodollar Rate Loan Advance into a Base Rate Loan Advance on a day other than the last day of an Interest Period therefor, the Borrower shall reimburse the Lenders in respect thereof pursuant to Section 8.04(c8.04(d). Each such notice of a Conversion shall, within the restrictions specified above, specify (x) the date of such Conversion, (y) the Loans Advances to be Converted, and (z) if such Conversion is into Eurodollar Rate LoansAdvances, the duration of the initial Interest Period for each Loanssuch Advance. Each notice of Conversion shall be irrevocable and binding on the Borrower.
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